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Liberalized World Trade and Food Import Under Foreign Exchange Constraints in the CFA's Franc Zone of Sub-Saharan Africa

Author

Listed:
  • SENE, Mr. SEYDINA OUSMANE
  • SAGHAIAN, Dr. SAYED H.

Abstract

This paper finds a long-run relationship between food imports, commodities prices, exchange rates, food production, GDP, and trade openness in the CFA zone of Sub-Saharan Africa. We use a panel Vector Error Correction Model with exogenous prices expanded beyond the Hemphill’ approach (1974) on rice, wheat, maize, and sugar under fixed exchange rate constraint.

Suggested Citation

  • SENE, Mr. SEYDINA OUSMANE & SAGHAIAN, Dr. SAYED H., 2014. "Liberalized World Trade and Food Import Under Foreign Exchange Constraints in the CFA's Franc Zone of Sub-Saharan Africa," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162485, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea14:162485
    DOI: 10.22004/ag.econ.162485
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    References listed on IDEAS

    as
    1. M. Shahe Emran & Forhad Shilpi, 2010. "Estimating an Import Demand Function in Developing Countries: A Structural Econometric Approach with Applications to India and Sri Lanka," Review of International Economics, Wiley Blackwell, vol. 18(2), pages 307-319, May.
    2. Angelos A. Antzoulatos & Simone Peart, 1998. "Import demand under a foreign exchange constraint," Research Paper 9810, Federal Reserve Bank of New York.
    3. Angus Deaton, 1999. "Commodity Prices and Growth in Africa," Journal of Economic Perspectives, American Economic Association, vol. 13(3), pages 23-40, Summer.
    4. Egwaikhide, F.O., 1999. "Determinants of Imports in Nigeria: a Dynamic Specification," Papers 91, African Economic Research Consortium.
    5. Philip Abbott, 2009. "Development Dimensions of High Food Prices," OECD Food, Agriculture and Fisheries Papers 18, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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